Instead of taking out loans, students can agree to hand over part of their future earnings in return for investment.
By Claire Boston

To pay for college, Amy Wroblewski sold a piece of her future. Every month, for eight-and-a-half years, she must turn over a set percentage of her salary to investors. Today, about a year after graduation, Wroblewski makes $50,000 a year as a higher education recruiter in Winchester, Va. So the cut comes to $279 a month, less than her car payment.

If the 23-year-old becomes a star in her field, she could pay twice as much. If she loses her job, she won’t have to pay anything, and investors will be out of luck until she finds work.

Wroblewski struck this unusual deal as an undergraduate at public Purdue University in West Lafayette, Ind. To fund part of the cost of her degree in strategy and organizational management, she sidestepped the common source of money, a student loan. Instead, she agreed to hand over part of her future earnings through a new kind of financial instrument called an income-sharing agreement, or ISA. In a sense, financiers are transforming student debtors into stock investments, with much of the same risk and, ideally, return.

In Wall Street terms, Wroblewski, a first-generation college student, is more small-company stock than Microsoft.
Those qualities impressed a company called Vemo Education, which vets students at Purdue and a handful of other schools on behalf of potential investors. More important, perhaps, Wroblewski believes in herself and her ability to make good on the contract. “Even with all my other loans, I knew I could make it work,” says Wroblewski.
Americans owe $1.5 trillion in higher education debt, a burden that weighs down their dreams and the U.S. economy. The Federal Reserve says millennials are now less likely to buy homes than young people were in 2005, and even senior citizens find themselves still making payments on their student loans.

We have $1.5 TRILLION in that debt. It really should be forgiven. 10 years of paying the loans, and they should be forgiven. President Obama created the public service program, but, right when the first group of people eligible to get the forgiveness, the demons in this Administration approved LESS THAN 1% OF THE QUALIFIED.

You read it – LESS THAN 1%.

Relieving our next generations of the burden of student loan debt would be such an engine for this country. Especially in the Black community, because, even though Black women are the highest educated group, that education comes with a lot of loans, because we don’t have parents with trust funds paying for the education. The money used to pay off the loans could be used to invest, to buy property, to fund small businesses. The student loans are draining that from our society. But, I don’t think people SELLING THEMSELVES is the way to resolve it.

Over the course of the Notre Dame's centuries-long history, @annielester7 says, "It changed in styles to express new ideas — new notions of devotion and what the divine was. It changed to accommodate more and more visitors who came to Paris as the city itself grew." pic.twitter.com/D0ePzCAhdB

Before Nancy, who has lost all control of Congress and is getting nothing done, decides to defend her leader, Rep. Omar, she should look at the anti-Semitic, anti-Israel and ungrateful U.S. HATE statements Omar has made. She is out of control, except for her control of Nancy!

A Phoenix mother says her 9-year-old son was forced to walk through his class as his teacher and fellow students yelled at, humiliated and berated him during a lesson on school segregation. @azcentralhttps://t.co/cV8BGRCpYB

NEW: Former Mass. Gov. Bill Weld says he will challenge President Trump for the Republican nomination for president in 2020: "It is time to return to the principles of Lincoln – equality, dignity, and opportunity for all."

Me’Sa Dyani 💕 (@Dyani_2u) Tweeted:
@notcapnamerica Gay white men always expecting to be handed some sort of prize of adversity but be the first ones to minimize the concerns of people of color in the LGBTQ community and in my experience very dismissive of race issues in general https://twitter.com/Dyani_2u/status/1117905550136627200?s=17

Matt Murphy (@MattMurph24) Tweeted:
White dudes still think they’re the base of the Democratic Party. Sorry guys, we’re not. Black women are and will forever be the bedrock of the Democratic Party. Be an ally, not an obstacle. Follow their lead, don’t ignore them. https://twitter.com/MattMurph24/status/1117885624382623744?s=17

Girl Anachronism (@Gwynnion) Tweeted:
The late pile on of white male candidates and the nonstop fawning media attention they’ve received suggests a semi-coordinated effort to bury the serious candidates who declared early and who just happen to be mostly women and/or people of color. https://twitter.com/Gwynnion/status/1117882551777972225?s=17

I hate guns. For the first time in my life I have felt compelled to purchase a firearm for self defense. This is the direct result of the rapid increase of hate crimes occurring under the Trump administration and specific threats on my life. This is America. #IStandWithIlhan

NEW: Michael Flynn's former biz associate, Bijan Kian – after successfully gaining access to records held by Flynn's onetime attorneys last week – has a status conference now scheduled for Friday, April 19 at 9AM. I'll be there for @CourthouseNews. https://t.co/DSciwSbr5k

New York Jets linebacker Brandon Copeland, 27, knows that his football career has an expiration date. “It’s guaranteed football is going to be over one day,” the NFL star told ESPN in 2017.

That’s why Copeland is planning ahead: The Wharton School graduate, who spent two summers interning at the investment bank UBS in college, took an off-season job on Wall Street in 2017. He also has experience flipping houses and opened a real estate company with his wife last year.

His latest side hustle brings him back to the classroom: He’s teaching a financial literacy seminar at his alma mater alongside Dr. Brian Peterson, the director of Penn’s Makuu Black Cultural Center.

The class, which Copeland nicknamed “Life 101” and started this spring semester, covers “the realities of life we all have to deal with,” he says, like how to invest, plan for retirement and build credit. He came up with the idea of the course two years ago, when he and a former teammate were talking about money mistakes and what they wish they’d known in their early 20s.

………………………………

While Copeland is the first to admit he doesn’t specialize in financial literacy — “the first day of the class I’m going to tell the class that I am not an expert in all of this stuff, and no one is an expert in all of this stuff,” he told the Wall Street Journal — he’s careful with his cash.

On this day in 1960, black college students formed the Student Nonviolent Coordinating Committee (SNCC) to challenge racial injustice and violence in the South. To overcome racial inequality, we must confront our history. Share this #racialinjusticehttps://t.co/rirzdWdpCz

At CNN’s town hall event on Monday, the American people saw something we’d been told was impossible: Elizabeth Warren winning over a crowd.

The Massachusetts senator took aim at a variety of subjects: the Electoral College, Mississippi’s racist state flag, the rise of white nationalism. Always, she was met with thunderous applause. Even a simple Bible verse — from Matthew 25:35–40, about moral obligation to the poor and hungry — prompted cheers so loud and prolonged that Warren had to pause and repeat herself in order to make her voice heard over the noise. Yet this was the same woman the media routinely frames as too wonky, too nerdy, too socially stunted. But then, Warren has always been an exceptionally charismatic candidate. We just forget that fact when she’s campaigning — due, in large part, to our deep and lingering distrust for female intelligence.

Warren is bursting with what we might call “charisma” in male candidates: She has the folksy demeanor of Joe Biden, the ferocious conviction of Bernie Sanders, the deep intelligence of fellow law professor Barack Obama. But Warren is not a man, and so those traits are framed as liabilities, rather than strengths. According to the media, Warren is an uptight schoolmarm, a “wonky professor,” a scold, a wimpy Dukakis, a wooden John Kerry, or (worse) a nerdier Al Gore.

In the video I watched earlier in this thread, I found it very telling that none of the Dems who mentioned their top Dem candidates for 2020 mentioned Bernie Sanders. He is a divisive, self-serving, arrogant POS, and I think most sane Dems know it. He’s doing DJT’s job of dividing the Democratic Party, a party he can’t be bothered aligning himself with until he wants to run for POTUS. He didn’t get one cent or a vote from me in 2016, and my plan as far as he is concerned remains the same for 2020.

Erin Cohan (@erincohan) Tweeted:
As if it wasn’t outrageous enough to frame critical press coverage by @thinkprogress as an attack by @amprog, now the @BernieSanders campaign is fundraising off it with violent rhetoric, saying CAP needs to “pay a price”.

Simon Rosenberg (@SimonWDC) Tweeted:
Bernie’s team better toughen up. An awful lot of Democrats are not happy a guy who refuses to call himself a Democrat is running in the Democratic Primary for President; really hard to understand rationale of asking to become the leader of a party you refuse to join. https://twitter.com/SimonWDC/status/1117530447272189952?s=17

.@realDonaldTrump’s dangerous video must be taken down. I have spoken with the Sergeant-at-Arms to ensure that Capitol Police are conducting a security assessment to safeguard Rep. @Ilhan Omar, her family & her staff. They will continue to monitor & address the threats she faces. pic.twitter.com/Grb9c8S18d

Hillary Clinton: "I am absolutely delighted to see this incredibly diverse field, and especially to have more than one woman running for president of the United States is exciting." pic.twitter.com/Fdd03pKbJS

Black Girls Rock!

Flickr Photos

Potus Takes Oath of Office

Flotus & Daughters at Great Wall of China

My Brothers Keeper

AFRO PUFFS

Most Adorable Shoe Stealer

Six Little Babies

Fatherhood

Even though 3Chics Politico is written and curated by three women: Ametia, Rikyrah, and SouthernGirl2, I must nominate this as one of the most engaging blogs I've found. Devoted to politics and culture, these three shine a light on contemporary life with humor and spirit.